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505-507 E University Ave, Unit Champaign Champaign, IL 61820

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For Sale
$3,000,000

3,600 SF multi-tenant building with diverse tenant mix.

Property size:
3 SF

Property Features for 505-507 E University Ave

General Information

Size
3 SF

Building Details

Year built
1990

Source: Jay Sikorski Agent Jay Sikorski

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Versatile Multi-Tenant Building For Sale

Located at 505-507 E. University Avenue in Champaign, Illinois, this 3,600-square-foot multi-tenant building presents an investment opportunity. The property is occupied by a liquor store, an international fast-food restaurant, and a therapy center. The available space is delivered in vanilla box condition, allowing future tenants to customize the interior. The site offers visibility along University Avenue, providing exposure and consistent vehicle and pedestrian traffic. On-site parking enhances accessibility for tenants and customers. The property’s location near the University of Illinois campus, Carle Foundation Hospital, and OSF Heart of Mary Medical Center attracts a diverse population of students, medical professionals, and visitors. With a CG – Commercial General zoning designation, this property supports a wide range of commercial uses. Its central location in a densely populated area surrounded by businesses and residential neighborhoods makes it an opportunity for both owner-users and investors looking to capitalize on Champaign’s strong economic and demographic growth.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.231379
Latitude
40.116059

FAQs

What type of property is this?
Retail space - 3,600 SF multi-tenant building with diverse tenant mix.
Where is this retail space located?
The property is located at 505-507 E University Ave, Unit Champaign Champaign, IL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: - Prime location on University Avenue with HIGH VISIBILITY and traffic.; - Diverse tenant mix appealing to a broad customer base (liquor store, fast-food, therapy center).; - Ample on-site parking for tenants and customers.
More about this property
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